Legal Question in Real Estate Law in Florida

My mother sold her home in Palm harbor, Florida and was to close yesterday on the 1st of October. We are no longer in Florida ( everything was done by mail on our behalf), so today, she called the title company and asked when the funds would be coming and how (UPS, FEDEX or USPS). She was advised by the Title company that the buyer had not procured his loan (as of yet). Can he change the date of the closing to his chosing? This person is very wealthy and was to have paid cash, but later decided to use other properties to procure the funds. Do we have to wait until he decides to close. We have moved to Texas and as of yesterday cancelled all services to the home. What recourse do we have, can we keep the ernest money and place the home back on the market, or do we have to wait until he decides to close??? We will need to restart utilities, insurance, alarm service, lawn service and other monthly costs associated with the property. Please advise...................

Asked on 10/02/09, 1:07 pm

David Slater David P. Slater, Esq.

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Without reading the contract , no one answer. He may have breached it.

Answered on 10/02/09, 1:21 pm

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